Loading ...Louisiana Bans BofA, Citi From Bond Sale Over “Restrictive Gun Policies”
The blowback against bank virtue signaling has begun.
Louisiana’s state’s bond commission voted 7 to 6 Thursday to ban Bank of America and Citigroup from working on its upcoming debt sale because of the banks’ “restrictive gun policies,” the state treasury said in a statement, according to Bloomberg.
As states begin using the bond market in retaliation against Wall Street and to stick up for the Second Amendment, Bank of America and Citigroup – the two top-ranked underwriters of long-term municipal debt – stand to lose millions in muni revenue.
“I personally believe the policies of these banks are an infringement on the rights of Louisiana citizens,” Treasurer John Schroder said in a statement. “As a veteran and former member of law enforcement, I take the Second Amendment very seriously.”